Right in last September USD was about 78 JYen. Today it's hovering above 93. Euromarket is in recession. See how Nikon dropped the prices two times in the last six months.

To keep the production lines running they can not cut the quotas (otherwise it would be next to impossible to regain the markets) so they operate with loss or minute profit margins. Actually most of them are contented if they compensate for the overhead costs, especially the R&D to keep the new models oncoming; just to maintain our interest in their brand... Otherwise no chance to survive.

BTW following March there could be a new wave of price cuts..

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BobYIL

The yen's fall has been dramatic. Good timing for me as I'll be in Japan next week for a 7 day holiday.

I keep wondering when Fujifilm's imaging division will report a profit. I've looked all the way back to 2005 and have not found any year where they made money selling cameras. Bizarre.

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